ENERGY ALERT Recent developments in the Oil & Gas industry in ...

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Dec 22, 2017 - Alfredo Alvarez. Mexico City Office - Energy Leader [email protected]. Rodrigo Ochoa. Mexico City
December 22, 2017

ENERGY ALERT

Recent developments in the Oil & Gas industry in Mexico: 1) Publication of prequalified companies for Round 2.4; 2) Final version of Bidding Terms and License Contract for Round 2.4

1. Prequalified companies for Round 2.4 On December 21, 2017, the National Hydrocarbons Commission (CNH, per its acronym in Spanish) announced the prequalified companies for Round 2.4 bidding process. In this regard, all the 29 interested parties registered were prequalified: 16 Operators and 13 Non – Operators organized as follows:

Contacts: Alfredo Alvarez Mexico City Office - Energy Leader [email protected] Rodrigo Ochoa Mexico City Office – Oil & Gas Tax Leader [email protected] Enrique Pérez Grovas New York City Office - Tax [email protected] Javier Noguez Houston Office - Tax [email protected] Prequalified bidders will be able to request the CNH modifications to their bidding structure on January 18 and 19, 2018.

2. Bidding Terms and License Contract final version for Round 2.4 On December 21, 2017, the CNH published the final version of the Bidding Terms and License Contract for Round 2.4. In this regard, CNH approved one modification of the aforementioned documents, decreasing the Exploratory Wells value as follows:

Jimena González de Cossío Mexico City Office - Legal [email protected] Jeffrey Helm Mexico City Office – Tax Modelling [email protected]